Corporate Governance

New York City -- BlackRock Kelso Capital Corporation announced that it has completed a transaction with Gordon Brothers Group to launch Gordon Brothers Finance Company.  

To some folks, he’s an innovator, a genius who has fundamentally transformed the retail equation. To others, he’s a bully. And now Jeff Bezos has a new label: the world’s best-performing CEO.

The designation comes way of the Harvard Business Review’s 2014 ranking of the 100 best-performing CEOs. The list offers the only ranking of global CEOs’ performances over their entire tenure.

Anyone planning to attend the NRF Convention Jan. 11-14, 2015, should consider arriving one day early to attend another event that is chock-full of information and industry expertise: SuperSaturday. Each year, RetailROI independently offers SuperSaturday, a one-day event held the Saturday before the official Sunday kickoff to the NRF Convention.

This year, SuperSaturday falls on Jan. 10. Held at the PwC Auditorium in Manhattan from 8 a.m.

Bentonville, Ark. -- Wal-Mart Stores Inc. is reportedly reappointing Scott Price as president and CEO of its Asia business. According to Bloomberg, Wal-Mart will let Price, who previously held the position from 2009 until June 2014, work from the retailer’s U.S. headquarters.  

Sales continued to decline at Office Depot in the third quarter, but CEO Roland Smith said excellent execution allowed operating profits to more than double.

Total company sales on a pro-forma basis to reflect the merger of Office Depot and OfficeMax declined 3% to $4.1 billion during the period ended Sept. 27. The top line decline was steeper at the company’s 1,851 unit North American retail division where sales declined 7% to $1.7 billion due to store closures and a 3% same store sales decline driven by a reduced transaction volume. 

Fast-fashion for plus-sized women: That’s what eloquii.com is on a mission to deliver. While a retail format that offers runway-inspired looks for shoppers sized 14 to 24 is a no-brainer, the concept is practically radical in fast-fashion retailing.

St. Petersburg, Fla. -- HSN Inc. beat Wall Street expectations for profit and revenue in the third quarter of fiscal 2014. Net income totaled $39.5 million, down 6% from $42.1 million in the prior year period.   A higher effective tax rate helped decrease profits at HSN. Net sales rose 5% to $837.5 million from $798.9 million. Digital sales were up 7% and mobile sales increased 37%, with mobile now representing 16% of HSN’s total business.  

Tailwinds from specialty pharmacy and increased generic utilization lifted CVS Health up on Tuesday, as the company posted net revenues of $35 billion, representing an increase of 9.7% for the three months ended Sept. 30.